Understand and predict oil supply and demand

Our upstream team combines a rigorous analytical approach and proprietary modelling and benchmarking tools with deep market understanding to create unique perspectives. We help our clients navigate complex global economic and political factors, and understand their impact on oil demand, supply, and pricing dynamics.

Our Tools

Global Liquids Supply Model

Provides a granular and flexible outlook on the global liquids supply landscape until 2035 by bringing together McKinsey’s latest perspective on project-level production and economics, OPEC behavior, global energy demand, and global natural gas liquids (NGL) supply.

North American Supply Model

Forecasts basin-level production and cost across fuels and price scenarios to deliver intelligence around supply trends, basin competitiveness, pricing mechanisms, benchmarking, and capital-expenditure outlooks.

Our research

Global Oil Supply & Demand Outlook to 2035

Oil supply and demand perspective with balances to 2035 and macro outlooks on global oil prices.

North American Gas Outlook to 2030

North American gas demand, supply, and price outlook to 2030.

North American Shale Oil Outlook to 2025

A bi-annual view on the evolution of the North American shale oil market to 2025.

Speak to an expert about our upstream capabilities